INDAX vs. SPY
Compare and contrast key facts about ALPS/Kotak India ESG Fund (INDAX) and SPDR S&P 500 ETF (SPY).
INDAX is managed by ALPS. It was launched on Feb 13, 2011. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INDAX or SPY.
Key characteristics
| INDAX | SPY | |
|---|---|---|
| YTD Return | 4.49% | 9.14% |
| 1Y Return | 20.91% | 27.11% |
| 3Y Return (Ann) | 7.70% | 8.62% |
| 5Y Return (Ann) | 10.57% | 14.39% |
| 10Y Return (Ann) | 10.33% | 12.68% |
| Sharpe Ratio | 1.80 | 2.36 |
| Daily Std Dev | 12.03% | 11.51% |
| Max Drawdown | -43.98% | -55.19% |
| Current Drawdown | -1.75% | -1.15% |
Correlation
The correlation between INDAX and SPY is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INDAX vs. SPY - Performance Comparison
In the year-to-date period, INDAX achieves a 4.49% return, which is significantly lower than SPY's 9.14% return. Over the past 10 years, INDAX has underperformed SPY with an annualized return of 10.33%, while SPY has yielded a comparatively higher 12.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INDAX vs. SPY - Expense Ratio Comparison
INDAX has a 1.33% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
INDAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Kotak India ESG Fund (INDAX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
INDAX vs. SPY - Dividend Comparison
INDAX's dividend yield for the trailing twelve months is around 4.24%, more than SPY's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 4.24% | 4.43% | 1.64% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% | 4.35% | 0.14% |
SPY SPDR S&P 500 ETF | 1.30% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
INDAX vs. SPY - Drawdown Comparison
The maximum INDAX drawdown since its inception was -43.98%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for INDAX and SPY. For additional features, visit the drawdowns tool.
Volatility
INDAX vs. SPY - Volatility Comparison
The current volatility for ALPS/Kotak India ESG Fund (INDAX) is 3.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.07%. This indicates that INDAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.